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20120906
20120906
Search Results 0 to 8 of about 9 (some duplicates have been removed)
printing spree here in the united states, printing anywhere from 2.4 trillion to $2.7 trillion in order to buy up bonds, including a lot of government debt directly. they say, hey look, so far we don't have inflation so there is no harm in it. to what you say? >> 2% inflation as opposed to a greater level of inflation, there is such a panic in europe that everybody was racing out of the europe into the dollar. holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has
pelley. >> pelley: good evening. high stakes here tonight for the president of the united states as he tries for a breakout moment in this dead-heat race for the white house. barack obama will accept the nomination of his party, but under very different circumstances than his first nomination. in 2008, he was leading a movement for hope and change. tonight, he hopes that the voters impatient with the economy will not seek change again so soon. in his speech tonight, mr. obama will say that the american people face the clearest choice of any time in a generation. our campaign 2012 correspondents are covering the convention, and, first, we're going to go to nancy cordes, who has found out more of what the president will say. nancy. >> reporter: scott, obama campaign officials tell us that tuesday night michelle obama was about the president's character, and last night with president clinton was about his record and tonight will be about the future. they say president obama will make it very clear where he wants to take this country in a second term. and we just received excerpts from the
to them tonight there is not a liberal america and conservative america, there is the united states of america. >> reporter: he's made a sport out of outtalking his adversaries. >> john mccain likes to say that he'll follow bin laden to the gates of hell, but he won't even follow him to the cave where he lives. >> reporter: but in charlotte he faces perhaps his biggest challenger yet, can barack obama top barack obama? >> the expectations game definitely works against the president. it is a speech that is going to be compared to the '08 speech. >> reporter: obama comes from a long line of democratic party presidential candidates who face similar speaking challenges. recall how bill clinton's snoozer of a speech in 1988 -- >> reporter: became history when it was replaced by his rousing 1992 speech. >> i have news for the forces of greed and the defenders of the status quo, your time has come and gone. >> reporter: it's up to obama to live up to clinton's successful second convention speech. >> tonight let us resolve to build that bridge to the 21st century, to meet our challenges and
in september since west nile virus was first detected in the united states in 1999. >> the cdc says the number of deaths from the mosquito born disease has spiked 32% since last week, rising from 66 to 87. the lone star state continues to lead the nation with at least 888 reported cases and 35 deaths according to the cdc, but officials with the texas department of state health services say their figures show those numbers to be higher, with 1,013 reported cases and 40 deaths. the west nile virus has been detected in 48 states with human cases reported in 44. cdc officials say figuring out why this year has been so bad is no easy task. >> we really don't know at this point in time what factors may have contributed to this outbreak. we think it is weather related. why it occurred in dallas more than other areas is a matter of speculation at this point. and it's one of the things that we are going to be looking at very carefully when all is said and done at the end of the season. >> the worst year ever for a west nile outbreak was in 2008. with 9800 cases reported nationwide and 264 deaths. in a
's the best case scenario. >> does allow us to focus on the united states. >> exactly. >> we're probably doing better than any economy in the world. >> you're not trying to whistle past graveyards on that front, right? you're not trying to ignore europe. >> melissa mentioned the trading perspective. i think that the traders are saying, okay, now, what do we have here, and when we look at here, well, why don't we see with the steel industry, the auto industry. we focus -- the fill lebeau interview was incredibly important where allan mull ha ly says europe, we don't have it. the truth is united states has it. 14.5 million vehicles. that is a bull market in cars. >> right. >> we are talking about this upgrade today. sun trust, why is sun trust upgraded? i think that's very significant, not just because my trust owns it, but i'm looking at sun trust saying that is, again, the housing market in the south because the federal reserve didn't like sun trust. housing, autos, retail. what else do we need? >> right. >> well, we could use china to start growing a little bit faster instead of going the oth
secretary, casts all 188 votes for the president and the next president of the united states, barack obama. >> thank you, mr. chairman. >> the convention wraps up tonight with speeches from vice president biden and, of course, the big speech from president obama. the vice president did pay a visit to the time warner cable arena yesterday for a walk-through on the stage. the vice president getting a feel for what he'll be looking at later tonight. now, the vice president and the president were supposed to give their speeches outdoors in front of 74,000 people at bank of america stadium. but democrats had to move the speech back inside because of weather concerns. by the way, that change in venue means they're not going to have any balloons. no balloon drop at a convention. the bottom of the hour we talk to margaret hoover and richard socarides. >>> former president clinton did not do it in his speech, neither did mitt romney. that's why u.s. service members will be listening to president tonight to see if he mentions the war in afghanistan. we go live to kabul, coming up. [ bridesmaid ] bla
, no word on a suspect or a motive. >>> mosquitos are killing more people now in the united states. new numbers from the cdc show the number of cases of west nile virus shot up 25% in the past week to nearly 2,000. 87 people have died from the infection this year. texas has been the hardest hit but no new cases were reported in the district, maryland or virginia. >>> hurricane isaac is long gone, but strong waved stirred up tar balls that were left over from the massive bp oil spill in 2010 forcing beaches in louisiana to close this morning. the tar balls are showing up in parts of the gulf coast that previously appeared to be clean. >>> we have some sad news to report this morning from the world of sports. former baltimore ravens owner art modell has died. his son david says he passed away at 4 a.m. at johns hopkins hospital this morning. modell had been hospitalized for organ failure. he bought the cleveland browns in 1961 and moved the teambaltimore in 1996 -- team to baltimore in 1996. this is the front page of the ravens' website this morning with a tribute to modell. his son was a
Search Results 0 to 8 of about 9 (some duplicates have been removed)